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If the Actual Price Were Below the Equilibrium Price in the Market

Question 78

Multiple Choice

If the actual price were below the equilibrium price in the market for bread, a:


A) surplus would develop that cannot be eliminated over time.
B) shortage would develop, which market forces would eliminate over time.
C) surplus would develop, which market forces would eliminate over time.
D) shortage would develop, which market forces would tend to exacerbate.

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